India Home Automation Market will be more than INR 30,000 Crore by 2022 | Renub Research

June 1618:212017

This market research report is 129 pages with 33 Figures and 14 Tables. India Home Automation Market is expected to cross the figure of INR 30,000 Crore by 2022

Home Automation in India is creating big opportunity not only for Indian automation companies, but also for foreign companies. At present Residential customers have highest market share, whereas in product category, Security Market is the clear winner in Indian home Automation Market. Delhi-NCR, Mumbai, Pune, Ahmadabad and Bangalore, all of these five cities combined market share was more than 50 percent in the total home automation market.

India has big opportunities in the home automation industry. Growing working population, increasing per capita spending and middle-class population attracts not only domestic players but foreign players too. It is anticipated that India home automation market will grow in double digit during the forecasting period and expected to cross the figure of INR 30,000 Crore by 2022. Our report Title “India Home Automation Market by Types (Lighting, Security, Heating, Ventilating and Air Conditioning, HVAC, Entertainment) By User (Residential, Commercial & Hospitality) Company Profiles & Forecast” describes the following points:

Home automation industry in India has big potential to grow. So a lot of startups are showing interest in this marketplace. Some of them are Oakter, Inoho, IFIHOMES.com, Silvan Innovation Labs, SharpNode, Home Brain, Cubical Labs, Thasmai Automation, Metagan Technologies Private Limited, eDomotics etc. Reliance Jio is also entering home automation business. Jio offers home automation and surveillance system.

The World is Full of Innovation

Nowadays, a number of innovations are being developed across the globe and India is also becoming the part of this innovation process. Slowly but Indian consumers are in the process to change traditional home device with smart home devices such as Wi-Fi cameras, digital locks and smart switches, smart TV, smart refrigerator, digital music zoning system. Smart lighting and smart security products are also big demandable products by India consumers.

Indian Consumers Start with Home Automation Products Trail Base

Most of the Indian consumers are not aggressively adopted all types of home automation products or do not ready to change their home infrastructure with the automated smart home, suddenly. Instead of, they experience with one or two products and after that, they can ready to move further enhance in their home.

India Home Automation Market Analysis by Category

India home automation market belongs to several categories. On the basis of product features it is categorized by Home Automation Lighting, Home Automation Security, Home Automation HVAC (Heating, Ventilating and Air Conditioning) and Home Automation Entertainment; However on the basis of customer category, this market is divided into three category: Residential Home Automation, Commercial Home Automation and Hospitality Home Automation.

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